The position of the long-run aggregate supply curve is determined by

A) the long-run aggregate demand curve.
B) the production possibilities curve.
C) the open economy effect.
D) the interest rate effect.

B

Economics

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A firm that is producing the quantity at which marginal cost exceeds both average total cost and the market price will increase its economic profit by _______

A. producing a larger quantity B. raising the price to equal marginal cost C. producing a smaller quantity D. producing the quantity that minimizes average total cost

Economics

Children can be viewed as retirement insurance and thus provide individuals with incentive to create large families

Indicate whether the statement is true or false

Economics